CMC News

$ETH Firm Files #SEC Registration for Public #Trading

The Ether Machine submitted draft Form S-4 documentation to securities regulators this week. The treasury management company plans to complete its public debut through a merger with Dynamix Corporation.

The filing advances the firm's goal to become a publicly traded entity in the United States. Dynamix Corporation currently trades on Nasdaq under the ticker symbol ETHM as a special-purpose acquisition company.

Company executives announced the business combination strategy in July 2025. They expect to finalize the deal during the fourth quarter, pending shareholder approval at an upcoming meeting.

The Ether Machine has accumulated substantial $ETH holdings totaling 495,362 tokens. This positions the firm as the third-largest corporate holder of #Ethereum, behind Bitmine Immersion Tech and SharpLink Gaming.

Recent treasury expansion included raising 150,000 $ETH during August alone. The acquisition brought total holdings to nearly $2.16 billion at current market prices.

Founder Andrew Keys contributed approximately $741 million worth of $ETH as an anchor investment. The company secured over $800 million from institutional investors across multiple funding rounds.

The merger structure allows The Ether Machine to access public markets without traditional IPO processes. Form S-4 registrations specifically cover securities issued through business combinations and acquisitions.

Management indicated they have approximately $367.1 million available for additional #cryptocurrency acquisitions. This assumes no significant shareholder redemptions occur during the merger process.